Illumina Inc’s recently made public that its Officer CHARLES E. DADSWELL TRUST U/A/ acquired Company’s shares for reported $0.72 million on Oct 14 ’24. In the deal valued at $145.54 per share,4,948 shares were bought.
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Then, CHARLES E. DADSWELL TRUST U/A/ bought 3,956 shares, generating $483,740 in total proceeds.
Before that, Thaysen Jacob bought 7,330 shares. Illumina Inc shares valued at $991,672 were divested by the Chief Executive Officer at a price of $135.29 per share. As a result of the transaction, Thaysen Jacob now holds 14,861 shares, worth roughly $2.19 million.
Argus upgraded its Illumina Inc [ILMN] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including Daiwa Securities’s analysts, who increased its forecast for the stock in mid August from “a Neutral” to “a Buy”. TD Cowen also remained covering ILMN and has increased its forecast on August 14, 2024 with a “Buy” recommendation from previously “Hold” rating. Barclays revised its rating on August 14, 2024. It rated ILMN as “an Equal weight” which previously was an “an Underweight”.
Price Performance Review of ILMN
On Tuesday, Illumina Inc [NASDAQ:ILMN] saw its stock fall -0.98% to $147.61. Over the last five days, the stock has gained 5.69%. Illumina Inc shares have risen nearly 9.08% since the year began. Nevertheless, the stocks have risen 17.64% over the past one year. While a 52-week high of $150.80 was reached on 10/15/24, a 52-week low of $86.49 was recorded on 05/30/24. SMA at 50 days reached $131.19, while 200 days put it at $126.23.
Levels Of Support And Resistance For ILMN Stock
The 24-hour chart illustrates a support level at 144.99, which if violated will result in even more drops to 142.38. On the upside, there is a resistance level at 150.81. A further resistance level may holdings at 154.02. The Relative Strength Index (RSI) on the 14-day chart is 67.98, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 8.49, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 14.39%. Stochastics %K at 92.23% indicates the stock is a selling.
How much short interest is there in Illumina Inc?
A steep rise in short interest was recorded in Illumina Inc stocks on 2024-09-30, growing by 1.02 million shares to a total of 5.5 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 4.47 million shares. There was a rise of 18.6%, which implies that there is a positive sentiment for the stock.
